NPK International Inc. (NYSE:NPKI - Get Free Report) shares rose 4.8% during trading on Tuesday . The stock traded as high as $6.11 and last traded at $6.09. Approximately 160,369 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 667,051 shares. The stock had previously closed at $5.81.
Wall Street Analyst Weigh In
Several analysts have recently commented on NPKI shares. HC Wainwright reaffirmed a "buy" rating and issued a $12.00 target price on shares of NPK International in a research report on Friday, February 28th. B. Riley started coverage on shares of NPK International in a research note on Thursday, March 27th. They set a "buy" rating and a $11.00 price target on the stock.
Check Out Our Latest Report on NPK International
NPK International Price Performance
The stock has a market cap of $435.37 million, a PE ratio of -2.75 and a beta of 2.86. The business's 50 day moving average price is $6.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.
NPK International (NYSE:NPKI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $57.52 million during the quarter, compared to analysts' expectations of $59.67 million. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. As a group, equities analysts expect that NPK International Inc. will post 0.39 earnings per share for the current year.
Insider Buying and Selling
In other NPK International news, Director John C. Minge acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $5.38 per share, for a total transaction of $53,800.00. Following the completion of the acquisition, the director now directly owns 230,287 shares of the company's stock, valued at approximately $1,238,944.06. This represents a 4.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by corporate insiders.
About NPK International
(
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NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.
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